Overview

In 2007, a stranger-than-fiction multibillion-dollar bidding warfor the Chicago Board of Trade (CBOT) erupted between the ChicagoMercantile Exchange (CME) and Atlanta's Inter-continentalExchange(ICE). Zero-Sum Game: The Rise of the World's LargestDerivatives Exchange takes readers behind the scenes of thisbattle to tell the gripping, and often comical, story of how thehistoric merger between CME and CBOT almost didn't happen. AuthorErika S. Olson—a former managing director atCBOT—reveals why these bitter ...

More About
This Book

Overview

In 2007, a stranger-than-fiction multibillion-dollar bidding warfor the Chicago Board of Trade (CBOT) erupted between the ChicagoMercantile Exchange (CME) and Atlanta's Inter-continentalExchange(ICE). Zero-Sum Game: The Rise of the World's LargestDerivatives Exchange takes readers behind the scenes of thisbattle to tell the gripping, and often comical, story of how thehistoric merger between CME and CBOT almost didn't happen. AuthorErika S. Olson—a former managing director atCBOT—reveals why these bitter crosstown enemies put asidemore than a century of bad blood in order to form CME Group, abehemoth that now controls 98 percent of the regulated futuresmarket in the United States. From fast food, electricity, andinterest rates, to building materials, jewelry, and gas, the pricesof countless products and services that companies and consumers useevery day are influenced by contracts traded at CME Group.

Olson delivers a blow-by-blow account of the fight for theworld's oldest futures exchange, taking you inside CBOT's landmarkChicago Loop headquarters, past security guards, onto thehigh-octane trading floor, and into executives' offices. Along theway, she makes the inner workings of futures exchanges accessibleby explaining what these institutions do, how futures contractswork, and who benefits from investing in derivatives. She alsoprovides background and insight on the men in control of thispowerful, tight-knit, and frequently misunderstood industry.

Zero-Sum Game is the incredible inside story of how theworld's largest and most diverse exchange came to be, how thecreation of CME Group forever altered the landscape of thefinancial services industry, and what it all means for the globaleconomy . . . and you.

Related Subjects

Meet the Author

Erika S. Olson is a business consultant, financial writer, and blogger, and was a managing director at the Chicago Board of Trade during the bidding war between CME and ICE. She holds a BBA from the University of Michigan Ross School of Business and an MBA from Harvard Business School.

Your Rating:

Your Recommendations:

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked,
or didn't, with others. By submitting an online review, you are representing to
Barnes & Noble.com that all information contained in your review is original
and accurate in all respects, and that the submission of such content by you
and the posting of such content by Barnes & Noble.com does not and will not
violate the rights of any third party. Please follow the rules below to help
ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer.
However, we cannot allow persons under the age of 13 to have accounts at BN.com or
to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the
information on the product page, please send us an email.

Reminder:

- By submitting a review, you grant to Barnes & Noble.com and its
sublicensees the royalty-free, perpetual, irrevocable right and license to use the
review in accordance with the Barnes & Noble.com Terms of Use.

- Barnes & Noble.com reserves the right not to post any review -- particularly
those that do not follow the terms and conditions of these Rules. Barnes & Noble.com
also reserves the right to remove any review at any time without notice.